News on Indian Economy
The Central Board of the RBI, once the report is submitted, will discuss and may approve it in the meeting scheduled this month or may do so in the next meeting and once the report is approved, the board can deliberate and finalise on the exact amount of transfer.
On June 6, the government created two new Cabinet committees under the chairmanship of prime minister — the Cabinet Committee on Investment & Growth, and the Cabinet Committee on Employment & Skill Development.
Confirming this on Friday, Isro chairman K Sivan told TOI: “At this moment we have called for an EOI (expression of interest), and it is not open for any foreign firm. Isro has been considering this for a while, and we think this will boost the Make-in-India initiative of the government.”
AePS is a bank driven model which permits fundamental interoperable financial transactions at point of sales (PoS or MicroATM) through the business correspondent of any bank by utilizing Aadhaar authentication.
The Indian government’s retail division that boasts exclusively of ‘Made in India’ consumer products — Khadi Village Industries Commission (KVIC) — saw a 25% jump in sales in the year ending on 31 March, 2019.
Hindustan Aeronautics Limited (HAL), Bengaluru and French company, Safran Helicopter Engines, had entered into a joint venture – Helicopter Engine MRO Private Limited – to set up this helicopter maintenance plant in Goa.
MeitY has also proposed allowing new entrepreneurs to set up manufacturing facilities without having to give personal collateral under the credit guarantee scheme. “Our industry’s problem is higher interest finance cost and providing collateral to banks, which is what we have tried to address in the proposal in order to nurture the hardware ecosystem,” the report added.
A key product highlight is the proprietary ultra-capacitor battery, which is claimed to be able to charge in a scant 5 minutes! The Shado Group says its low-voltage, high-performance Electrans powertrain enables commercial use with safer, low-voltage electric motors. Its ‘instantly charged’ and longer-lasting ultra-capacitor power storage is claimed to charge in minutes, with a 25,000 duty cycle lifetime.
Almost all electric vehicles (EVs) in India run on imported batteries, mostly from China. At present, a lithium-ion battery accounts for 40% of the total cost of an EV. Lithium also has other uses such as in mobile phone batteries and solar panels.
After assessing strategic installations in the city for the last one year, the Ministry of Defence has rejected the proposal for LiDAR mapping by the State government in 40% of the area, owing to the existence of sensitive installations. However, the State government has been permitted to get assistance from the Survey of India for the mapping of over 5,000 sq. km of the city and its suburbs.
